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Brand New 5-Unit Construction in Prime NoHo 10828 Hesby St 5 Unit Apartment Building $5,249,965 CAD ($1,049,993 CAD/Unit) 5.88% Cap Rate North Hollywood, CA 91601
INVESTMENT HIGHLIGHTS
- EXCELLENT 1031 Exchange opportunity – low maintenance, high-yield asset
- BRAND-NEW construction with premium modern finishes throughout and in-unit laundry rooms with washers and dryers included
- NO Rent Control – AB1482 Exempt
- SITUATED in prime North Holywood (NoHo) – a highly desirable location attracting quality tenants
- 3 of the 5 Units Leased (One of Each Unit Type)
- IDEAL UNIT MIX: (1) 5-bedroom, (2) 4-bedrooms, and (2) 2-bedrooms
EXECUTIVE SUMMARY
We are pleased to present 10828 Hesby Street, a brand-new, luxury 5-unit multifamily property located in the heart of North Hollywood, just minutes from Toluca Lake and Studio City and within walking distance to the vibrant NoHo Arts District. This non-rent-controlled asset offers an ideal unit mix consisting of one 5-bedroom, two 4-bedroom, and two 2-bedroom units—each thoughtfully designed with open floorplans, in-unit laundry, premium stainless steel appliances, and large windows that flood the interiors with natural light. The 5BR Unit is currently rented for $6,000/month, a 4BR Unit is rented for $5,250/month and a 2BR Unit is currently rented for $3,750.
Offered at $3,795,000 with a projected cap rate of 5.88%, the property is expected to generate approximately $285,000 in annual rental income, making it one of the best-priced new construction offerings in the area. Tenants pay for all utilities, keeping operating expenses low, and the property comes with a one-year builder’s warranty for added peace of mind. With eight dedicated parking spaces and two additional bonus spots, the building offers excellent convenience. Surrounded by shops, restaurants, and entertainment, 10828 Hesby Street presents a rare opportunity to acquire a low-maintenance, high-yield investment in one of L.A.’s most desirable rental markets. BUYER TO VERIFY ALL INFORMATION.
Offered at $3,795,000 with a projected cap rate of 5.88%, the property is expected to generate approximately $285,000 in annual rental income, making it one of the best-priced new construction offerings in the area. Tenants pay for all utilities, keeping operating expenses low, and the property comes with a one-year builder’s warranty for added peace of mind. With eight dedicated parking spaces and two additional bonus spots, the building offers excellent convenience. Surrounded by shops, restaurants, and entertainment, 10828 Hesby Street presents a rare opportunity to acquire a low-maintenance, high-yield investment in one of L.A.’s most desirable rental markets. BUYER TO VERIFY ALL INFORMATION.
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$394,266
|
$53.37
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$11,828
|
$1.60
|
| Effective Gross Income |
$382,438
|
$51.77
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$73,652
|
$9.97
|
| Net Operating Income |
$308,786
|
$41.80
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $394,266 |
| Annual Per SF | $53.37 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $11,828 |
| Annual Per SF | $1.60 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $382,438 |
| Annual Per SF | $51.77 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $73,652 |
| Annual Per SF | $9.97 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $308,786 |
| Annual Per SF | $41.80 |
PROPERTY FACTS
| Price | $5,249,965 CAD | Property Subtype | Apartment |
| Price Per Unit | $1,049,993 CAD | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | B |
| Cap Rate | 5.88% | Lot Size | 0.12 AC |
| Sale Condition | 1031 Exchange | Building Size | 7,387 SF |
| Gross Rent Multiplier | 13.32 | Average Occupancy | 60% |
| No. Units | 5 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 2025 |
| Zoning | LARD1.5 | ||
| Price | $5,249,965 CAD |
| Price Per Unit | $1,049,993 CAD |
| Sale Type | Investment |
| Cap Rate | 5.88% |
| Sale Condition | 1031 Exchange |
| Gross Rent Multiplier | 13.32 |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.12 AC |
| Building Size | 7,387 SF |
| Average Occupancy | 60% |
| No. Stories | 3 |
| Year Built | 2025 |
| Zoning | LARD1.5 |
AMENITIES
UNIT AMENITIES
- Balcony
- Dishwasher
- Microwave
- Washer/Dryer
- Kitchen
- Hardwood Floors
- Refrigerator
- Sprinkler System
- Stainless Steel Appliances
- Freezer
- Island Kitchen
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 5+4.5 | 1 | $8,300 CAD | 2,028 |
| 4+4.5 | 1 | $7,263 CAD | 1,690 |
| 4+3.5 | 1 | $7,263 CAD | 1,821 |
| 2+2 | 1 | $4,842 CAD | 773 |
| 2+3 | 1 | $5,188 CAD | 1,074 |
1 1
Walk Score®
Very Walkable (85)
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Brand New 5-Unit Construction in Prime NoHo | 10828 Hesby St
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